Howard Capital Management Inc. Buys 63 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Howard Capital Management Inc. lifted its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,234 shares of the company’s stock after buying an additional 63 shares during the period. Howard Capital Management Inc.’s holdings in L3Harris Technologies were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LHX. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of L3Harris Technologies by 38.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,622 shares of the company’s stock valued at $2,966,000 after buying an additional 3,521 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of L3Harris Technologies by 6.9% in the third quarter. State of Alaska Department of Revenue now owns 22,038 shares of the company’s stock valued at $5,242,000 after buying an additional 1,415 shares during the period. Welch Group LLC bought a new stake in shares of L3Harris Technologies in the third quarter valued at approximately $214,000. Pallas Capital Advisors LLC lifted its stake in L3Harris Technologies by 8.1% during the third quarter. Pallas Capital Advisors LLC now owns 1,043 shares of the company’s stock worth $255,000 after purchasing an additional 78 shares during the last quarter. Finally, SFE Investment Counsel lifted its stake in L3Harris Technologies by 0.9% during the third quarter. SFE Investment Counsel now owns 22,779 shares of the company’s stock worth $5,418,000 after purchasing an additional 192 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX opened at $204.19 on Wednesday. The company has a market capitalization of $38.45 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.42 and a beta of 0.76. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The stock has a fifty day simple moving average of $209.53 and a 200 day simple moving average of $228.71. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Sell-side analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

Analyst Ratings Changes

LHX has been the subject of several recent analyst reports. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Tuesday, November 26th. Wells Fargo & Company cut their target price on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research note on Wednesday, December 11th. Bank of America cut their target price on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Citigroup cut their target price on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Susquehanna cut their target price on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $262.67.

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total value of $376,878.60. Following the completion of the sale, the insider now directly owns 6,812 shares in the company, valued at $1,455,383.80. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 4,901 shares of company stock worth $1,059,757 over the last three months. Company insiders own 0.87% of the company’s stock.

L3Harris Technologies Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.